Medical Digital Imaging System Market Size, Share & Trends Analysis Report By Type (X-ray, MRI, Ultrasound, CT, Nuclear Imaging), By Technology (2D, 3D/4D), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global medical digital imaging system market size was valued at USD 16.3 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) 8.2% from 2023 to 2030. Surging demand for effective early diagnostic methods and widening base of aging population have been instrumental in driving the market. Technological advancements and increasing investments and funds by governments, especially in developing countries such as India and China, are also poised to stoke the growth of the market over the coming years. Advancements in digital and communication technologies are have been augmenting the market. New imaging techniques provide accurate anatomical detail in most diagnostic radiology procedures. This has helped in expansion of application of medical digital imaging in exploratory surgery.

Positron emission tomography (PET)/computed tomography (CT) enable determination of metabolic information of PET and anatomic detail of CT simultaneously. High-resolution CT offers images with higher spatial resolution. Magnetic resonance imaging (MRI) is replacing older techniques such as CT, myelography, angiography, and arthrography.

In addition, advancements in digital imaging offer various clinical and economic benefits, such as instant access to radiology studies, lesser risk of data damage, and theft. Automation in procedures help in decreasing waiting time, thus, maximizing efficiency and returns on investment. These benefits help offset costs of equipment and infrastructure.

Type Insights

Computed tomography accounted for the largest share market share of 25.20% in 2022. Nuclear imaging is anticipated to be the fastest growing segment during the forecast period. Development of new radiotracers, increasing prevalence of cancers and cardiovascular diseases, and introduction of new products through advancements are working in favor of the overall market.

According to the American Cancer Society, 1,762,450 new cancer cases weere reported in the U.S. in 2019. Development of radiotracers, such as Single Photon Emission Computed Tomography (SPECT) with technetium 99m radiotracers, which optimizes image quality with reduced radiation exposure, is estimated to contribute to the growth of the CT segment during the forecast period.

Technology Insights

3D/4D technology captured the largest share of 76.20% in 2022. The 3D technology is expected to witness the highest adoption rate in developed as well as developing regions. 2D has been further divided into black and white (BnW) and color.

Technological advancements in 3D/4D imaging technology help in accurate and efficient real-time visualization of human body, thereby minimizing distortion for patients. 4D imaging is 3D with real time movement. The global market for 3D and 4D devices is likely to experience lucrative growth in the forecast period owing to increasing adoption of these technologies such as fetal monitoring.

Regional Insights

North America dominated the market in 2022 with market share of 32.88% owing to high adoption of advanced technology and improved healthcare infrastructure, high purchasing power, and favorable reimbursement framework.

Asia Pacific is poised to exhibit the highest CAGR with 10.3% during the forecast period, mainly due to increasing government incentives and lower cost of clinical trials. Healthcare in the region is dominated by private healthcare services providers. Presence of international service provider companies such as Wockhardt Hospitals, Columbia Asia, and Fortis Healthcare is projected to boost level of competition in the private sector. Rapid growth in the medical tourism is anticipated to fuel the demand for advanced diagnostic methods in this highly competitive market.

Key Companies & Market Share Insights

Some of the key players are Siemens Healthcare, Hitachi, GE Healthcare, Koninklijke Philips, Canon Medical Systems Corporation, Hologic, Medtronic, and Shimadzu Corporation. Regional and service portfolio expansions and mergers and acquisitions are among the key strategies adopted by these players to gain a higher share.

In July 2022, Siemens Healthineers. introduced The Mobilett Impact (Mobile X-ray System). The system is a combination of full digital integration, an affordable price, and all the advantages of mobile X-ray equipment for imaging at the patient's bedside. Mobile x-ray is essential for situations where the patient cannot leave the bed or be taken to the radiology department.Some of the prominent players in the global medical digital imaging system market include:

• Koninklijke Philips N.V

• GE Healthcare

• Siemens Healthineers

• Esaote SPA

• Canon Medical Systems Corporation

• Hologic

• Hitachi

• Shimadzu

Medical Digital Imaging System Market Report scope

Global Medical Digital Imaging System Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global digital medical imaging system market report on the basis of type, technology, and region:

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • MRI

  • X-ray

  • Ultrasound

  • CT

  • Nuclear Imaging

• Technology Outlook (Revenue, USD Million, 2018 - 2030)

  • 2D

    • BnW

    • Color

  • 3D/4D

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • Japan

  • Latin America

    • Brazil

    • Mexico

    • Chile

  • MEA

    • South Africa

    • Saudi Arabia